The company added that the first stage of development of the field - pilot development - will last until around 2020

MOSCOW, August 13. / TASS /. Mangazeya Mining in 2019 plans to mine at least 32 thousand ounces of gold at the Kochkovskoye deposit in the Trans-Baikal Territory, the gold miner said.

The company discovered and prepared the quarry, organized a production cycle for heap leaching, commissioned a rotational camp, and also established power supply for production facilities. Experimental and industrial development - the first stage of development of Kochkovsky - will last approximately until 2020, the report says.

Mangazeya Mining is the gold mining division of the Mangazeya group. The company's shares are traded in Toronto on the NEX Board (TSX Venture Exchange). Production assets are located in the Trans-Baikal Territory and include the Savkinsky and Nasedkino deposits, the Zolin-Arkinsky area and the Kochkovo ore deposit. The total volume of production following the results of 2017 amounted to 770 kg of gold.

The Kochkovo gold deposit is located within the Shirokinsky ore field in the Gazimur-Zavodsky district of the Trans-Baikal Territory. At the moment, the field is exploring, including flank evaluation and exploration. Based on the recommendation of the State Commission for Reserves, pilot development is carried out within the scope of the exploration of the deposit.